A sale is defined as every contract to sell a security or an interest in a security, including a security given as a bonus with the purchase of another security, or a gift of assessable stock when something of value is given.
Which of the following would be considered a sale under the Uniform Securities Act giving the securities as a bonus for a securities purchase making a bona fide loan of stock entering into a contract to sell a security for value?
Under the Uniform Securities Act, which of the following is an offer or a sale? A gift of securities given as a bonus for any purchase is considered part of the purchase. Stock splits, bona fide gifts, and bona fide pledges or loans made with no purpose of evading the act are not considered sales.
Which of the following are defined as a security under the Uniform Securities Act?
Which of the following are defined as securities under the Uniform Securities Act? C; Pre-organization certificates (such as limited partnership subscription agreements); warehouse receipts; and collateralized mortgage obligations all fall under the definition of a security. Variable annuities can be securities.
Which of the following transactions are exempt under the Uniform Securities Act?
According to the Uniform Securities Act, which of the following would be considered exempt transactions? A) Fiduciary transactions and unsolicited orders, regardless of the security being purchased or sold, are always exempt transactions under the USA.
Which of the following would be considered an offer or solicitation when it comes to the sale of securities?
Which of the following would be considered an “offer” or “solicitation” when it comes to the sale of securities? Advertisements would be considered solicitations and/or offers to sell the securities in question.
Who does the Uniform Securities Act apply to?
The Uniform Securities Act is a model law created as a starting point for state-level securities regulation. The purpose of the Uniform Securities Act is to deal with securities fraud at the state level and to assist the Securities and Exchange Commission (SEC) in enforcement and regulation.
What is an exempt transaction?
An exempt transaction is a type of securities transaction where a business does not need to file registrations with any regulatory bodies, provided the number of securities involved is relatively minor compared to the scope of the issuer’s operations and that no new securities are being issued.
Which of the following is an example of exempt securities?
Transactions by executors and estate administrators are examples of exempt transactions. Municipal and government bonds are exempt securities and whether or not they are exempt transactions depends on to whom or how they are sold (that information is not given in this question).
When a security is registered with the administrator It means that?
The Administrator, in registering a security, declares that the security is legal for sale in the state. Never use the word approved when referring to registration of a security or a securities professional.
Which of the following securities are exempt from registration quizlet?
Which of the following are exempt securities under Securities Act of 1933? Government bonds, municipal bonds, and Small Business Investment Company issues are all exempt securities under the 1933 Act. Corporate bonds are non-exempt securities that must be registered with the SEC under the Securities Act of 1933.
Which of the following securities are exempt from registration?
Under the Uniform Securities Act, all of the following are exempt from registration EXCEPT: A) common stock only sold intrastate. … Common stock, not listed on any regulated exchange, purchased by an open-end investment company. Preferred stock issued by an insurance company authorized to do business in this state.
Which of the following instruments is not considered to be a security?
Under the USA, commodities futures contracts are not considered to be securities. The presumption is the instrument that underlies the futures contract is a commodity rather than a security.
Which of the following is are exempt from the registration requirements of the Uniform Securities Act?
An exemption from registration under the USA is available to an investment advisor who has no place of business in a state and limits its clientele to other investment advisers, broker-dealers, and financial institutions, such as banks, insurance companies, trust companies, and investment companies or limits the number …